Norway Savings Bank Has $182,000 Position in Walmart Inc (WMT)

Norway Savings Bank lowered its position in shares of Walmart Inc (NYSE:WMT) by 8.8% in the first quarter, HoldingsChannel reports. The firm owned 1,865 shares of the retailer’s stock after selling 180 shares during the quarter. Norway Savings Bank’s holdings in Walmart were worth $182,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc grew its stake in Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after purchasing an additional 1,110,593 shares during the period. Contravisory Investment Management Inc. bought a new position in Walmart in the 4th quarter valued at $41,000. Founders Capital Management LLC bought a new position in Walmart in the 4th quarter valued at $229,000. Ipswich Investment Management Co. Inc. bought a new position in Walmart in the 4th quarter valued at $26,000. Finally, Monument Capital Management grew its stake in Walmart by 6,965.5% in the 4th quarter. Monument Capital Management now owns 20,066 shares of the retailer’s stock valued at $1,869,000 after purchasing an additional 19,782 shares during the period. Hedge funds and other institutional investors own 28.96% of the company’s stock.

In other Walmart news, EVP Jacqueline P. Canney sold 980 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $99.03, for a total value of $97,049.40. Following the sale, the executive vice president now owns 54,588 shares of the company’s stock, valued at approximately $5,405,849.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Chojnowski sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,240,978 shares of company stock worth $1,406,078,670 in the last three months. 51.11% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the company. Wolfe Research downgraded Walmart from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, May 8th. Sanford C. Bernstein upgraded Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a research note on Thursday, May 2nd. Zacks Investment Research downgraded Walmart from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Citigroup cut their price target on Walmart from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Finally, Evercore ISI assumed coverage on Walmart in a research note on Wednesday, March 20th. They set an “in-line” rating and a $95.00 price target for the company. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.87.

Shares of WMT opened at $99.88 on Thursday. The stock has a market cap of $295.91 billion, a P/E ratio of 20.34, a P/E/G ratio of 4.59 and a beta of 0.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $106.21.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.08. The business had revenue of $137.74 billion for the quarter, compared to analysts’ expectations of $137.63 billion. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. As a group, research analysts expect that Walmart Inc will post 4.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.12%. Walmart’s dividend payout ratio (DPR) is 43.18%.

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Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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